` Comparison: RIO, KIO - Alpha Spread

RIO
vs
K
KIO

Over the past 12 months, RIO has outperformed KIO, delivering a return of +8% compared to the KIO's 5% drop.

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RIO
KIO
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Valuation Comparison

RIO Intrinsic Value
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KIO Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Rio Tinto PLC
LSE:RIO
5 500 GBX
K
Kumba Iron Ore Ltd
JSE:KIO
34 200 Zac
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
RIO, KIO

RIO
KIO
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Rio Tinto PLC
Revenue
K
Kumba Iron Ore Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
RIO, KIO

RIO
KIO
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Rio Tinto PLC
LSE:RIO
K
Kumba Iron Ore Ltd
JSE:KIO
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What is Free Cash Flow?

Gross Margin

RIO
0%
KIO
82.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Rio Tinto PLC
K
Kumba Iron Ore Ltd

Operating Margin

RIO
25.8%
KIO
33%
LTM 3Y Avg 5Y Avg 10Y Avg
Rio Tinto PLC
K
Kumba Iron Ore Ltd

Net Margin

RIO
19.1%
KIO
21.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Rio Tinto PLC
K
Kumba Iron Ore Ltd

FCF Margin

RIO
9.6%
KIO
26.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Rio Tinto PLC
K
Kumba Iron Ore Ltd

ROE

RIO
18.1%
KIO
28.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Rio Tinto PLC
K
Kumba Iron Ore Ltd

ROA

RIO
9.2%
KIO
15.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Rio Tinto PLC
K
Kumba Iron Ore Ltd

ROIC

RIO
9.7%
KIO
22.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Rio Tinto PLC
K
Kumba Iron Ore Ltd

ROCE

RIO
14.1%
KIO
26%
LTM 3Y Avg 5Y Avg 10Y Avg
Rio Tinto PLC
K
Kumba Iron Ore Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
RIO, KIO

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Performance Gap
RIO, KIO

Performance Gap Between RIO and KIO
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Performance By Year
RIO, KIO

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RIO
KIO
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